Sensex and Nifty Plunge, Investors Lose Over Three Trillion Rupees in Minutes
During the trading session, significant declines were observed in the shares of companies such as L&T, Asian Paints, Infosys, IndusInd Bank, JSW Steel, NTPC, Bajaj Finance, and Reliance Industries. Shares of these companies fell by more than 5%.
In the Indian share market, which had reached record levels in recent days, a downward trend has been observed for some days now. Starting with modest gains on Thursday morning, the stock market closed with a drop of over 1000 points at the end of the trading session. Investors lost over three trillion rupees due to the decline. At one point during the trading session, the Sensex fell by more than 1100 points. Later, it closed at 72,404 points after dropping 1062 points. Similarly, the Nifty index dropped by nearly 300 points to close at 21,932 points.
Over Three Trillion Rupees Lost
Just a day ago, investors’ wealth in the stock market was above 400 trillion rupees. However, after the sudden decline on Thursday, it dropped to around 397 trillion rupees. Following the decline in several listed stocks in the stock market on Thursday, investors’ wealth fell below record levels. At the end of the trading session, apart from Sensex and Nifty, Bank Nifty and Nifty Financial Services also closed with declines. Nifty Financial Services dropped by 334.85 points to 21,093 points, while Bank Nifty dropped by 533 points to 47,487 points.
During Thursday’s trading session, the shares witnessing the most significant declines included L&T, Asian Paints, Infosys, IndusInd Bank, JSW Steel, NTPC, Bajaj Finance, and Reliance Industries. Some of these companies’ shares fell by more than 5%. The Sensex, which closed at 73,466 points the previous day, opened at 73,499 points on Friday morning. During the trading session, Nifty 50 also dropped by nearly 300 points to fall below 22,000 points. Bank Nifty, Nifty Financial Services, and Nifty 50 were also seen trading in the red.
During the trading session, shares of SBI, Tata Motors, Mahindra & Mahindra, HCL Technologies, Infosys, and Maruti Suzuki remained bullish. SBI saw the most significant gain of nearly 2%. During today’s trading session on the Bombay Stock Exchange (BSE), 52-week lows were observed in shares of 29 companies. Meanwhile, shares of 137 companies reached their highest levels in 52 weeks. Only 1,158 out of 3,731 companies saw gains in their shares, while the prices of shares of 2,413 companies fell. No significant change was observed in the shares of the remaining 160 companies.
Most shares on Dalal Street are trading in the red. The auto and IT sectors’ shares are performing well, while shares of companies in all other sectors are declining. The most significant decline was observed in shares of oil and gas companies. Shares of companies manufacturing cars saw an increase today. The index of these companies’ shares increased by 740 points to reach 51,882. Due to this decline, the shares of 251 companies reached their lowest prices. However, despite this decline, the shares of 189 companies continued to rise and reached high levels.
Foreign Institutional Investors (FIIs) sold shares worth a total of 6,669.10 crore rupees in the Indian stock market on Wednesday, while domestic investors bought shares worth 5,928.81 crore rupees. This information is based on the initial figures from the National Stock Exchange (NSE). Overall, in the last five trading sessions of May, FIIs sold shares worth 15,863 crore rupees.”
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